According to the new market research report "Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,, & Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, And Geography - Global Forecast to 2022", the battery energy storage system market is expected to reach USD 6.81 Billion by 2022, growing at a CAGR of 37.0% between 2016 and 2022. Factors such as increasing demand for grid-connected solutions, growing electric vehicle market, high requirement of lithium-ion batteries in various applications, and government support are expected to boost the growth of the battery energy storage system market.

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Browse 75 market data tables and 77 figures spread through 165 pages and in-depth TOC on “Battery Energy Storage System Market - Global Forecast to 2022"
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The battery energy storage system market was valued at USD 747.61 Million in 2015 and is expected to grow at a CAGR of 37.0% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the battery energy storage system market segmented on the basis of battery type, connection type, revenue source, ownership, application, and geography. The increasing demand for grid-connected solutions and growing electric vehicle market is expected to impact the market in the future.

The research methodology used to estimate and forecast the battery energy storage system market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below:

Battery Energy Storage System Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the battery energy storage system market includes the raw material provider and component manufacturer, battery energy storage system manufacturers, system integrators, and distributors. The key players in the market include ABB Ltd. (Switzerland), AEG Power Solutions (The Netherland), General Electric Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South Korea), Siemens AG (Germany), and Tesla Motors Ltd. (U.S.) among others.

Key Target Audience:

Battery energy storage system developers
Grid connected solution providers
Research organizations
Technology investors
Technology standards organizations
Associations, forums, and alliances related to battery energy storage system
Government bodies such as regulating authorities and policy makers

“Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report segments the battery energy storage system market into the following submarkets:

By Battery Type:

Lithium-Ion Batteries
Advanced Lead-Acid Batteries
Flow Batteries
Sodium-Sulfur (NAS) Batteries
Others

By Connection Type:

On-Grid
Off-Grid

By Ownership:

Customer-Owned
Utility-Owned
Third-Party-Owned

By Revenue Source:

Hardware
Software & Services

By Application:

Residential
Non-Residential
Utility
Transportation
Others

By Geography:

Americas
Europe
Asia-Pacific
Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players

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